Reliance Term Plan

Protect yourself...
...protect your loved ones
Reliance Term Plan

Life, as we know, is full of

uncertainties. And to keep ahead
of them, you need to plan ahead.

Reliance Term Plan is a pure life

insurance plan that offers you
comprehensive and affordable
coverage for a limited period of
time to suit your needs.
Key Features
 Get higher insurance protection at economical rates
 Optional Accidental and Disablement Rider to enhance
protection
 Economic alway to protect your family against financial liabilities
like loss of income and out standing loans etc.
 Discount on premium rates for women
 Suitable for business owners who want to cover the life of their
key employees

How does this Plan work?

You pay premium every year for the entire Policy Term. On death
your Beneficiary will get the Sum Assured. There is no Maturity
Benefit under this plan.

Benefits
Life Cover Benefit: In the unfortunate event of loss of life, your
beneficiary will receive the Sum Assured.
Maturity Benefit: There is no Maturity Benefit payable under this
Policy.
Rider Benefit: You also have the option to add Accidental Death
Benefit and Total and Permanent Disablement Rider.

Accidental Death Benefit & Total & Permanent

Disablement Rider
Accidents are unfortunate and sometimes fatal. You can customise
your basic Policy with an Accidental Death Benefit and Total and
Permanent Disablement Rider.
The Accidental Death Benefit is payable if death occurs directly as a
result of an accident and is intimated within 90 days of its
occurrence.
The Benefit payable is equal to the Rider Sum Assured. The
minimum Sum Assured is ` 25,000 and the maximum under all
Policies taken together is ` 50,00,000.
The Total and Permanent Disablement Rider is payable if the Life
Assured becomes totally and permanently disabled directly as a
result of an accident.
The Disablement Benefitis equal to the basic Sum Assured paid in
ten equal annual instalments.
Total and Permanent Disablement is defined as the total and
irrecoverable loss of sight of both eyes, or loss by severance of two
limbsator above wrist or ankle, or total and irrecoverable loss of the
sight of one eye and loss by severance of one limbator above wrist
or ankle for a period of atleast six months.

In built Waiver of Premium

If the Life Assured becomes totally and permanently disabled, then
Reliance Life Insurance will waive all future premiums under the
basic Policy and Riders upto a limit of ` 40,000 p.a.

Accidental Death Benefit & Total & Permanent Disablement Rider

Age at entry 18 years 59 years
Age at expiry 25 years 64 years
Sum Assured ` 25,000 ` 50,00,000
(Basic Policy Sum Assured subject to
a maximum of ` 50,00,000 per life)
Exclusions
The Company will not pay any Accidental Death Claim and Total
and Permanent Disablement Claim which results directly or
indirectly from any one or more of the following:
 An act or attempted act of self-injury
 Participation in any criminal or illegal act
 Being under the influence of alcohol or drugs except under
direction of a registered medical practitioner
 Racing or practicing racing of any kind other than on foot
 Flying or attempting to fly in, or using or attempting to use, an
aerial device of any description, other than as a fare paying
passenger on a recognised airline or charter service
 Participating in any riot, strike or civil commotion, active military,
naval, airforce, police or similar service, or
 War, invasion, act of foreign enemies, hostilities or war like
operations (whether war be declared or not), civil war, mutiny,
military rising, insurrection, rebellion, military or usurped power
or any act of terrorism or violence

Flexibility
This Rider can be attached to your Policy at the beginning or at any
Policy Anniversary during the term of the Contract, subject to
underwriting conditions prevailing at that time.

Sample Premiums
The tables below illustrate the indicative premiums for a male Life
Assured across different Sum Assured and ages for Policy Term of
20, 25 and 30years.

Age/Term (Yrs) 20 25 30

Sum 30 2600 3070 3640

Assured: 35 3630 4380 5260
` 10 lakh 40 5400 6540 NA
45 8220 NA NA

Age/Term (Yrs) 20 25 30

Sum 30 3650 4355 5210

Assured: 35 5195 6320 7640
` 15 lakh 40 7850 9560 NA
45 12080 NA NA

Age/Term (Yrs) 20 25 30

Sum 30 4700 5640 6780

Assured: 35 6760 8260 10020
` 20 lakh 40 10300 12580 NA
45 15940 NA NA

What is the Policy Term?

Minimum Policy Term : 5years
Maximum Policy Term : 30years
Who can buy this product?
Minimum age at entry : 21 years
Maximum age at entry : 60 years
Maximum age at maturity : 65 years

What is the Sum Assured?

Minimum Sum Assured : ` 2,50,000
Maximum Sum Assured : No Limit
Minimum Premium : ` 2,000 per instalment

What happens if I discontinue paying premium?

The Policy will lapse if the premiums are not paid with in the grace
period. The grace period is one month but not less than 30 days.
However, you have the option to revive the Policy within three years
from the date of lapse subject to revival conditions. The Policy is not
eligible for any Paid-up or Surrender Value.

Flexible Premium Payment Modes?

a) Yearly b) Half-yearly c) Quarterly
The Company will charge a Policy Fee, depending on the Premium
Payment Mode selected by you.

Advantage Women
Women Policyholders have an advantage as they receive discount
on premium paid. For the basic Policy, basic premium payable will
be equivalent to the premium for a three-year younger male
Policyholder.

Tax Benefit
Premiums paid are eligible for tax deduction under Section 80C of
the Income Tax Act, 1961. Death Benefit is tax free under Section 10
(10D) of the Income Tax Act, 1961. Under Section 80C, premiums
paid upto ` 1,00,000 are allowed as deduction from your taxable
income.

General Exclusion
The Company will not pay any claim on death if the Life Assured,
whether sane or insane, commits suicide within 12 months from the
date of issue of this Policy or the date of any reinstatement of this
Policy.

Free Look Period

In Case the Policyholder disagrees with any of the terms and
conditions of the policy, he may return the policy to the Company
within 15 days of its receipt for cancellation, stating his/her
objections in which case the company will refund the premium paid
by the Policyholder after deducting a proportionate premium for the
period the company has been on risk and the expenses incurred by
the company on medical examination and stamp duty charges.
The Company will refund the premium paid by the Policyholder
lessadeduction:
 Of the proportionate premium for the time cover has been
provided till cancellation
 Of expenses incurred by the Company for medical examination of
the Life Assured, Stamp Charges and expenses incurred in that
connection
About Reliance Life Insurance
Reliance Life Insurance offers you products that fulfill your savings and
protection needs. Our aim is to emerge as a transnational Life Insurer of
global scale and standard.
Reliance Life Insurance Company Limited is a part of Reliance Capital,
under Reliance Group. Reliance Capital is one of India's leading private
sector financial services companies, and ranks among the top 3 private
sector financial services and banking companies, in terms of net worth.
Reliance Capital has interests in asset management and mutual funds,
stock broking, life and general insurance, proprietary investments,
private equity and other activities in financial services.
Reliance Group also has presence in Communications, Energy, Natural
Resources, Media, Entertainment, Healthcare and Infrastructure.

Prohibition of Rebate: Section 41 of the Insurance

Act, 1938 states:
No person shall allow or offer to allow, either directly or indirectly, as an
inducement to any person to take out or renew or continue an
insurance in respect of any kind of risk relating to lives or property in
India, any rebate of the whole or part of the commission payable or any
rebate of the premium shown on the Policy, nor shall any person taking
out or renewing or continuing a Policy accept any rebate, except such
rebate as may be allowed in accordance with the published
prospectuses or tables of the insurer. Provided that acceptance by an
insurance agent of commission in connection with a policy of life
insurance taken out by himself on his own life shall not be deemed to
be acceptance of a rebate of premium within the meaning of this
sub-section if at the time of such acceptance the insurance agent
satisfies the prescribed conditions establishing that he is a bona fide
insurance agent employed by the insurer.
2) Any person making default in complying with the provisions of this
section shall be punishable with a fine which may extend to five
hundred rupees.

Section 45: Policy not to be called in question on

ground of mis-statement after two years
No policy of life insurance effected before the commencement of this
Act shall after the expiry of two years from the date of commencement
of this Act and no policy of life insurance effected after the coming into
force of this Act shall, after the expiry of two years from the date on
which it was effected, be called in question by an insurer on the ground
that statement made in the proposal for insurance or in any report of a
medical officer, or referee, or friend of the insured, or in any other
document leading to the issue of the policy, was inaccurate or false,
unless the insurer shows that such statement was on a material matter
or suppressed facts which it was material to disclose and that it was
fraudulently made by the policy-holder and that the policy-holder knew
at the time of making it that the statement was false or that it
suppressed facts which it was material to disclose:
Provided that nothing in this section shall prevent the insurer from
calling for proof of age at any time if he is entitled to do so, and no
policy shall be deemed to be called in question merely because the
terms of the policy are adjusted on subsequent proof that the age of the
life insured was incorrectly stated in the proposal.
Reliance Life Insurance is a licensed life insurance company registered
with Insurance Regulatory & Development Authority (IRDA)
 Mktg/Brochure/Version 1.5/March 2011

sms INSURE to 55454

Reliance Life Insurance Company Limited (Reg. No 121)

Registered Office: H Block, 1st Floor, Dhirubhai Ambani Knowledge City,
Navi Mumbai, Maharashtra 400710, India

 Customer Care Number: 1800 300 08181 & 3033 8181

 Email: rlife.customerservice@relianceada.com
 Website: www.reliancelife.com

This product brochure gives the salient features of the plan only.
For further details on all the conditions, exclusions related to
Reliance Term Plan please contact our Insurance Advisors.

UIN for Reliance Term Plan: 121N005V02

Insurance is the subject matter of the solicitation.